...Pennsylvania; Amir Yaron, University Pennsylvania and NBER, "Risks for the Long Run: Estimation and Inference"

Discussant: George M. Constantinides, University of Chicago and NBER

Wei Yang, University of Rochester, "Time-Varying Exposure to Long-Run Consumption Risk"

Discussant: Lars P. Hansen, University of Chicago and NBER

Dimitri Vayanos, London School of Economics and NBER, and Jean-Luc Vila, Merrill Lynch, "A Preferred-Habitat Model of the Term Structure of Interest Rates"

Discussant: Pierre Collin-Dufresne, University of California, Berkeley and NBER

Lorenzo Garlappi, University of Texas, and Hong Yan, University of South Carolina, "Financial Distress and the Cross-Section of Equity Returns"

Discussant: Joao Gomes, University of Pennsylvania

Xavier Gabaix, MIT and NBER, "Linearity-Generating Processes: A Modeling Tool Yielding Closed Forms for...

NOTE: All illustrations and photos have been removed from this article.



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